The board of Apollo Tyres Ltd approved unaudited financial results for the second quarter, from July to September, and the first half, from April to September, of financial year 2026-27. For the quarter ended September 30, 2026, consolidated revenue was Rs 7,968 crores, an increase of 17% from Rs 6,831 crores in the same period a year earlier.
Operating profit for the quarter was Rs 855 crores. Net profit was Rs 292 crores, up 13% from Rs 258 crores. Apollo Tyres said the quarterly net profit included an estimated pre-tax restructuring cost of Rs 26 crores, disclosed as an exceptional item.
Quarterly and half-year figures
- Q2 revenue: Rs 7,968 crores, up 17% from Rs 6,831 crores in the same quarter last fiscal.
- Q2 operating profit: Rs 855 crores.
- Q2 net profit: Rs 292 crores, up 13% from Rs 258 crores.
- H1 revenue: Rs 15,366 crores, up 15% from Rs 13,392 crores in the same six months last fiscal.
- H1 operating profit: Rs 1,723 crores.
- H1 net profit: Rs 641 crores, compared with Rs 271 crores a year earlier.
For the six months from April to September, consolidated revenue was Rs 15,366 crores, up 15% from Rs 13,392 crores. Operating profit was Rs 1,723 crores, and net profit was Rs 641 crores, compared with Rs 271 crores in the same period last fiscal. The half-year net profit also included the estimated pre-tax restructuring cost of Rs 26 crores.
The results are consolidated and compare the second quarter and first half of FY2026-27 with the same periods in FY2025-26. Apollo Tyres said Indian operations carried strong revenue growth momentum into the second quarter, reflecting the effectiveness of its growth initiatives.
India growth drivers and cost pressure
Chairman Onkar Kanwar said growth across categories in India had been supported by sustained rural expansion efforts and a strategic association with cricket. He added that new product launches in the commercial vehicle segment in India strengthened performance during the past quarter.
Kanwar also said geopolitical tensions in West Asia remained a headwind, resulting in elevated input costs and supply chain disruptions.
CFO appointment
The board approved the appointment of Ravi Kumar Shingari as chief financial officer, effective November 4, 2026. Shingari joined Apollo Tyres in 2018 as group head, finance, and has held responsibilities across budgeting, accounts and investor relations. More recently, he was given additional responsibility for legal.
Before joining Apollo Tyres, Shingari spent more than 16 years at KPMG, where his last assignment was partner, tax and regulatory. He is a chartered accountant with a bachelor's degree [B.Com(H)] in commerce from Shri Ram College of Commerce, Delhi University.
As CFO, Shingari will report directly to Neeraj Kanwar, vice chairman and managing director.